Monthly Archives: <span>March 2019</span>

Italy’s Generali to Seek Acquisitions in Europe, Asia and U.S., Says CEO Donnet

Italy’s top insurer Generali said it was ready to look around for growth opportunities in Europe, Asia and the U.S. on Thursday and said it was well positioned to achieve the targets it set in November for the years until …

Florida Governor Urges Lawmakers to Address AOB as Reforms Move Forward

Just over a week into the 2019 legislative session, insurance industry-supported bills aimed at reforming Florida assignment of benefits (AOB) abuse are making progress in the state legislature. Lawmakers in the Florida House of Representatives and Senate have each advanced …

Ratings of Louisiana Farm Bureau Mutual Insurance Upgraded

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Louisiana Farm Bureau Mutual Insurance Co. (Louisiana Farm Bureau) in Baton Rouge, Louisiana. The outlook …

Report: North Carolina Agencies Pay Millions in Insurance, Tax Funds to Quell Lawsuits

In June 2005, a 63-year-old woman was thrown from a tram at the North Carolina Zoo in Asheboro. The vehicle tipped over onto her, seriously injuring her shoulder and requiring years of treatment. The state paid out $85,000 more than …

SPG Acquires Assets of Insurance Programs of America, Risk Advisors of America of Florida

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Insurance Programs of America, Inc. (IPOA), a boutique managing general underwriter, and Risk Advisors of America, L.L.C. (RAA), a retail insurance …

Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry

Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and consumer activist groups …

UK Lawmakers Vote Overwhelmingly to Ask EU for Brexit Delay

British lawmakers voted overwhelmingly on Thursday to seek a delay in Britain’s exit from the European Union, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by parliament next week. Lawmakers approved …

Deadly Tropical Cyclone Idai Barrels Towards Mozambique

Tropical Cyclone Idai bore down on Mozambique’s coast as it prepared to make landfall for a second time since causing flooding in southern Africa last week that killed at least 60 people. Idai is equivalent to a Category 3 storm …

Heavy Snow Collapses Barn Roof at Minnesota State Fairgrounds

Heavy snow has caused some structural damage at the Minnesota State Fairgrounds. Authorities say part of the roof of the cattle barn gave way Tuesday night. No one was hurt. The 99-year-old brick barn is used for storage during the …

Texas Storms Injure 1, Damage Buildings, Flip Small Airplanes

Severe thunderstorms in North Texas have left at least one person hurt, damaged buildings and flipped small planes at a suburban airport. The Storm Prediction Center says gusts of more than 75 mph (120 kph) were reported Wednesday morning at …